
Business / Economy Dec 12, 2020
Bank of Japan likely to extend corporate aid programs next week
The measures, due to expire in March, will likely be extended for at least half a year as a precaution against the deepening pain from COVID-19.
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The measures, due to expire in March, will likely be extended for at least half a year as a precaution against the deepening pain from COVID-19.
The approach marks a stark contrast to the bold moves other countries have made to protect flagship carriers.
Japan has been cautious about moving too quickly on digital currencies given the social disruptions it could cause.
Some in Nagasaki fret the merged bank, which would belong to a financial group based in Fukuoka Prefecture, may shift its focus away from local borrowers.
The Bank of Japan is moving toward stress testing many banks simultaneously based on standardized risk scenarios, bringing it in line with overseas counterparts.
The shops, which have struggled to modernize and adapt to new shopping styles, have been hit hard by the coronavirus pandemic.
The plight of Kyoto and other cities in the western Kansai region has exposed a vulnerability of the prime minister's "Abenomics" stimulus policy.
Hiroshi Ando said the raising of the sales tax rate to 10 percent last October was a mistake because the economy was already in a downturn.
The conservative central bank now has a 180-member statistics team trolling through new types of data to gain new insights into the virus-hindered economy.
Even though virus controls were lifted in May, more people working from home and social-distancing rules have forced most outlets to halve their seating.